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SPOT SILVER: Faded The Rally *RES 4:...>

SILVER TECHS
SILVER TECHS: SPOT SILVER: Faded The Rally
*RES 4: $16.216 - High Feb 20 
*RES 3: $15.997 - High Feb 27 
*RES 2: $15.607 - 50-dma 
*RES 1: $15.533/536 - 21-dma/High March 13
*PRICE: $15.3711 @ 07:35 GMT Mar 15 
*SUP 1: $15.128 - 200-dma 
*SUP 2: $14.969 - Low Mar 8 
*SUP 3: $14.915 - High Nov 2 
*SUP 4: $14.782/719 - 61.8% retracement/Low Dec 26 
Silver's recovery met stiff resistance at the 21-dma Wednesday with the
subsequent reversal extending through 15.200. This shifts the focus back to the
200-dma at $15.128, a break would reignite downside momentum and open Friday's
low at $14.969. Bulls target Wednesday's high at $15.536 and the 21-dma to
resume the uptrend towards the 50-dma at $15.607.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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